Archive · 29 Oct 2025
Paramount Anchors New 1888 Studios in Bayonne, NJ
A big movie company called Paramount is going to rent a large space in a new film studio in New Jersey.
This studio is called 1888 Studios and it's located in Bayonne.
By renting there, Paramount can use special tax breaks that New Jersey offers to film companies.
These tax breaks make it cheaper to make movies and TV shows.
New Jersey is trying to become a popular place for making movies, like Hollywood used to be.
This new studio will be one of the biggest in the country, with many places to film and do other movie-making work.
Other big companies like Netflix and Lionsgate are also using studios in New Jersey.
Paramount's move is a good sign for New Jersey's plan to attract more film productions and create jobs.
Paramount / Skydance has signed a 10-year lease for 285,000 sq ft at 1888 Studios in Bayonne, NJ.
The move allows Paramount to access New Jersey's enhanced film tax incentives, offering 30%-35% through 2039.
1888 Studios, set to be the largest campus-style production facility in the Northeast, is developed by Togus Urban Renewal.
New Jersey is actively promoting itself as a production hub, citing proximity to NYC, workforce, and tax incentives.
Paramount's Studio Partner application is under review by the NJ Economic Development Authority, with a board decision expected October 30.
- Who
- Paramount / Skydance
- What
- Signed a minimum 10-year lease for 285,000 sq ft at 1888 Studios
- When
- Lease signed recently; Studio Partner application under review for October 30 board consideration
- Where
- 1888 Studios in Bayonne, New Jersey
- Why
- To expand production, access New Jersey's enhanced film tax incentives, and potentially gain Studio Partner designation
- Studio
- Paramount / Skydance
- Location
- 1888 Studios, Bayonne, New Jersey
- Lease Size
- 285,000 sq ft
- Lease Term
- Minimum 10 years
- 1888 Studios Size
- 58 acres, 1.1 million sq ft production space
- New Jersey Tax Incentive
- 30%-35% through 2039